EU: Cherry Market 2024

Cherry Market Size in the EU

In 2022, the EU cherry market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cherry Production in the EU

In value terms, cherry production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were Italy (X tons), Spain (X tons) and Greece (X tons), with a combined X% share of total production. Bulgaria, Poland, Germany, Romania and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Bulgaria (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of cherries in the European Union dropped slightly to X tons per ha, which is down by X% compared with 2021. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cherries were harvested in the European Union; standing approx. at the year before. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the cherry harvested area failed to regain momentum.

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Cherry Exports

Exports in the EU

In 2022, overseas shipments of cherries decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, cherry exports declined remarkably to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Spain (X tons) and Greece (X tons) represented the key exporters of cherries in 2022, finishing at approx. X% and X% of total exports, respectively. Austria (X tons) took the next position in the ranking, followed by Italy (X tons), Belgium (X tons) and the Netherlands (X tons). All these countries together took approx. X% share of total exports. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cherry supplying countries in the European Union were Spain ($X), Greece ($X) and Austria ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Greece, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced mixed trends in the export price figures.

Cherry Imports

Imports in the EU

After three years of growth, supplies from abroad of cherries decreased by X% to X tons in 2022. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, cherry imports contracted significantly to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, Germany (X tons) represented the key importer of cherries, creating X% of total imports. Austria (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), the Netherlands (X%) and Italy (X%). The following importers - Poland (X tons), Spain (X tons), Romania (X tons), Belgium (X tons), Portugal (X tons), Sweden (X tons), Denmark (X tons) and Latvia (X tons) - together made up X% of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of cherries. At the same time, Romania (X%), Latvia (X%), Austria (X%), Sweden (X%), Poland (X%), Spain (X%), Portugal (X%), Denmark (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Austria, Romania, Poland, Spain, Latvia and Sweden increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported cherries in the European Union, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Austria (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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